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Dec 27, 2012
12/12
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she's held several big jobs at the pentagon and is very well respected. ashton carter, currently the number two, he has actually spent the last few years wrangling with the defense industry and also with congress, so he comes in with that kind of nuts and bolts experience of how to work through this period of reshaping. >> and when you think about hagel's personal views on iran, because that's, i think, the most substantive of the foreign policy critiques against him, what are they and do they matter for this job? sometimes i hear him and it sounds more like a secretary of defense issue than a secretary of state issue. >> if you remember, it has not been a year since we had a crisis of going to war with iran, so i imagine we'll have at least one more with hagel's tenure. we should exhaust options before we think of a military strike on iran, and that, fortunately or unfortunately, depending how you look at it, a military strike on iran will not necessarily stop iran's nuclear program, and hagel has been quite skeptical about it, a skepticism which is shar
she's held several big jobs at the pentagon and is very well respected. ashton carter, currently the number two, he has actually spent the last few years wrangling with the defense industry and also with congress, so he comes in with that kind of nuts and bolts experience of how to work through this period of reshaping. >> and when you think about hagel's personal views on iran, because that's, i think, the most substantive of the foreign policy critiques against him, what are they and do...
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112
Dec 27, 2012
12/12
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CSPAN
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when they go to washington, it is not a philanthropic act on the pentagon's part. -- to instruct boeing to build . it is pragmatic. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. 60's.950's and the 19 a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? -- why did it end? because the global surplus of recycling mechanism was sustained. -- could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was sti
when they go to washington, it is not a philanthropic act on the pentagon's part. -- to instruct boeing to build . it is pragmatic. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. 60's.950's and the 19 a period of immense stability very low inflation....
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148
Dec 27, 2012
12/12
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KGO
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rather than fighting over as scheduled many jobs would beó%7z lost, 55 billion dollars cut from the pentagon budget. starbucks taking a stand, the ceo has«pt workers to write "come together[3wr" on cups. stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped l
rather than fighting over as scheduled many jobs would beó%7z lost, 55 billion dollars cut from the pentagon budget. starbucks taking a stand, the ceo has«pt workers to write "come together[3wr" on cups. stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of...
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250
Dec 27, 2012
12/12
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we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war in iraq. senator mccain especially has had it out for him. democrats don't like some of the anti-gay positions -- rhetoric he's used in
we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's...
91
91
Dec 27, 2012
12/12
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CSPAN
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eye 91
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when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volck
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation....